2016
2 3 8 9 16 33 37 48 57 63 65 67 68 70 158
Orrick, Herrington & Sutcliffe 1089 Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands 88 1020-22 688 Royal Bank of Canada Trust Company (Cayman) Limited 4th Floor, Royal Bank House, 24 Shedden Road, George Town, Grand Cayman KY1-1110, Cayman Islands 183 22 www.leyoutech.com.hk 2
主席報告
Digital Extremes Ltd.Digital Extremes 39%97% 3% Warframe 150Splash Damage Limited Fireteam Limited Warchest Limited 856 323165% Digital Extremes58% 97% Digital ExtremesDigital Extremes 48.6 81.6 EBITDA279130%Digital Extremes 4
97%Digital Extremes 122.7% 147.7174% 95.8 21.9 58.7168.5% 64.9%52.8%39.8%33.0% Digital Extremes 39% 97% Warframe Digital Extremes Steam 10Warframe ARPPU 28.240.8% 2.17 1.6630.3%48,39361,869 27.9% Steam30%(Xbox) (PS) 23% 19% 55%53% Warframe25% 8.2%Warframe 11% Warframe 6%Digital Extremes Warframe China Warframe Digital Extremes 5
27% 16.556.0 1.8% Technavio 12% Newzoo 12% Xbox PS Warframe Digital Extremes Keystone Digital Extremes Human Head Digital Extremes Warframe Keystone 6
Splash Damage Fireteam Warchest 7
% 855,883 322,654 165.2 490,449 170,206 188.2 (%) 57.3% 52.8% 8.5 48,576 (81,626) 159.5 1.69 (3.04) 155.6 % 1,522,782 2,040,158 (25.4) ** 295,143 278,467 6.0 1,036,658 1,393,301 (25.6) 0.36 0.52 (30.8) 3.86 1.84 109.8 * 19.4% 13.6% 42.6% * = ** = + + 8
管理層討論及分析
Digital Extremes39% Multi Dynamic Games 39%39% 39%39% Multi Dynamic Games39% 39% Multi Dynamic Games 39%39% 39% 39%39% Digital Extremes BMulti Dynamic Games97.0% 3.0% 10
214,000,000 258,000,000 Radius Maxima Paul WedgwoodSplash Damage Fireteam Warchest 11
% 855,883 322,654 165.2 322,654,000165.2% 855,883,000 940,485,000 1,283,142,000 % 490,449 170,206 188.2 % % 57.3 52.8 12
170,206,000188.2% 490,449,00052.8% 57.3% 24,086,00069.7% 7,288,000 15,782,000108.9% 32,972,000 47,395,000176.1% 130,879,000 3,788,00061.6% 1,454,000 477,0005,466.7% 26,553,000 38,234,00067.1% 63,894,000 13
91,044,000 144,973,000 275,000,000 13.7% 19.4% 13.6% 14
1. 294 120,000,000 65,200,000 129,600,000 1.2 2. 3. Digital Extremes39%97% Digital Extremes Radius Maxima Paul WedgwoodSplash Damage LimitedSplash Damage Firesteam LimitedFireteam Warchest LimitedWarchest Splash Damage Fireteam Warchest Radius Maxima 4. 90,400,000 64,100,000 25,500,000 15
A.4.1 D.1.4 16
21 1/21 0/2 17/21 2/2 2/21 0/2 6/9 19/21 2/2 8/19 0/2 15/21 2/2 16/21 2/2 5/9 9/21 1/2 9/19 0/2 14 17
A.2.1 18
(i) (ii)(iii) (iv) 19
33 36 3.13 84 1 20
21
22
23
24
2/2 1/2 1/2 1. 2. 3. 4. 5. 6. 25
1. (a) (b) (c) (d) (e) (f) (g) (h) (i) 2. (a) (b) (c) (d) 26
3.25 3/3 3/3 27
5/5 1/1 4/5 3/4 28
1,036.7 48.6 57 62 63 157 29
9 15 3.08 13 30
1,544,000 515,000 3.2915 31
58 www.leyoutech.com.hk enquiry@leyoutechnologies.com 32
62 48 17 41 16 (i)1699(ii) 1191 (iii) 990 2668 33
46 51 55 School of Management of Boston University in Massachusetts, USA 8181 404 1246 34
44 1938 1439 50 2322e-Kong Group Limited 5248125 351 164 397 8075 166 627 1466 707 726910 35
54 20 AMCN DANG TOURIFM CTCLYCOE 4616PAGMount Kellett Capital 49 20 8020Mega Expo Holdings Limited 1360 273 928 18082309 23248009 36
63 157 48 56 37
41 38
158 17 37 17 201.00 (i)(ii) (iii) 39
30%12 1% 12 0.1%5,000,000 166,000,000 5.79% 1.20 14,400,000 14,400,000 1.20 7,200,000 7,200,000 1.20 14,400,000 14,400,000 1.20 21,600,000 21,600,000 1.20 100,800,000 100,800,000 158,400,000 28,800,000 129,600,000 40
728,000 1,165,000 765,446,000 6737 470391(1)(a) 28.4%88.8% 28.6% 76.4% 5% 41
84(1) 83(3) 3.13 3.13 33 36 42
12 13 43
XV352 14,400,000 1 0.50% 545,050,000 2 19.00% 14,400,000 1 0.50% 1. 2. 545,050,000 XV352 44
336XV23 545,050,000 19.00% 336XV23 1. Multi Dynamic Games Group Inc.Multi Dynamic Games 2375249 Ontario Ltd. 2475202 Ontario Ltd. 2475200 Ontario Ltd. Digital Extremes 39%39%Multi Dynamic Games Digital Extremes Ltd. 7,800,0003,900 BDigital Extremes Ltd. 39% 65,028,688503,972,335 39%2375249 Ontario Ltd. 2475202 Ontario Ltd. Digital Extremes 14A 45
2. Sumpo International Holdings Limited214,000,000 258,000,000 14A.07 14A 42 42 16 32 46
47
ESG Digital Extremes AAA 97% ESG 1. 2. ESG ESG ESG ESG 48
(CO2) 49
LED 50
51
52
Mediacorp Canada Inc. (2013 Top Employer for Young people) Financial Post/Mediacorp Canada Inc.Financial Post(2013 Financial Post Ten Best Companies to Work For) HR Awards (2014 Canada HR Team of the Year) (2015 & 2016 Canada s Top 100 Employers) ISO 53
5,000 Warframe Incgammers.com(2013 Best Free to Play of the Year) MMOBomb(2014 Best Free to Play Game) MMO Reader s Choice(2015 Best Community, Best Expansion, Favourite Action) (2015 Fastest Growing Tech Company) (2016 Entrepreneur of the Year) 54
T 55
144,000 56
Hodgson Impey Cheng Limited 11 31 63 157 57
3 4 6 855,883,000 58
20 190,093,000 59
60
61
P05895 62
6 855,883 322,654 (365,434) (152,448) 490,449 170,206 7 7,288 24,086 11 (25,715) (4,104) (7,744) (17,558) (15,403) (32,972) (15,782) (114,085) (45,909) (130,879) (47,395) 8 (26,553) (477) (1,454) (3,788) (12,824) (22,982) 11 130,108 36,297 9 (63,894) (38,234) 66,214 (1,937) 10 26,922 (55,983) 93,136 (57,920) (7,744) (17,558) 7,744 17,558 80,619 (9,791) 10 (4,798) 75,821 (9,791) 168,957 (67,711) 63
22,835 (27,346) 25,741 (54,280) 43,379 25,409 1,181 (1,703) 93,136 (57,920) 100,116 (91,417) 68,841 23,706 168,957 (67,711) 15 1.69 (3.04) 15 0.80 (1.02) 64
17 15,280 377,476 18 887 19 48,416 25,331 20 190,093 172,453 21 418,445 485,553 22 4,319 2,700 24 5,513 28 30,741 63,562 16 3,361 658,878 1,185,252 23 1,885 188,615 24 15,502 25 95,343 114,141 26 419,261 204,093 19 1,319 27 249,236 186,263 7,135 29 14,390 29 91,044 130,583 863,904 854,906 30 1,871 68,809 31 53,100 101,277 32 275,000 33 23,596 18,390 1,907 34 145,523 224,090 465,383 639,814 389,523 1,298,692 1,574,775 65
37 236,606 236,606 791,122 932,917 1,027,728 1,169,523 8,930 223,778 1,036,658 1,393,301 16 112,414 144,922 33 33,085 34 145,785 35 3,835 3,467 262,034 181,474 1,298,692 1,574,775 66
(a) (b) (c) 167,392 137,512 17,423 5,205 46,240 38,193 81,169 493,134 14,733 507,867 (81,626) (81,626) 23,706 (57,920) (9,791) (9,791) (9,791) (9,791) (81,626) (91,417) 23,706 (67,711) 69,214 697,985 767,199 767,199 (19,696) (19,696) (19,696) 2,182 (2,182) 22,982 22,982 22,982 (2,679) (2,679) 185,339 182,660 236,606 815,801 14,744 (4,586) 48,422 38,193 22,982 (2,639) 1,169,523 223,778 1,393,301 48,576 48,576 44,560 93,136 51,540 51,540 24,281 75,821 51,540 48,576 100,116 68,841 168,957 10 (17,423) (48,422) (38,193) 104,038 (14,210) (14,210) 38 21,572 (276,307) (254,735) (169,944) (424,679) 12,824 12,824 12,824 (5,812) 5,812 (99,535) (99,535) 236,606 815,801 (2,679) 68,526 (276,307) 29,994 155,787 1,027,728 8,930 1,036,658 (a) (b) 10% 50% (c) 67
130,108 36,297 18,169 (52,688) (6,149) (1,083) (257) 37,316 17,307 (10,411) 7,744 17,558 15,403 33 829 143,577 113,080 12,824 22,982 (5) (109,356) (61,063) 103,089 62,529 36,628 8,222 (4,034) (4,984) 374,941 158,724 (909) (1,203) (11,759) (23,264) (241,919) (76,779) (124,634) (135,480) 85,259 (61,928) (7,102) (67,803) 28,997 17,030 102,874 (190,703) (22,024) (17,003) (79,220) (38,848) 1,630 (246,554) 68
257 (99,535) 565 1,083 (358,453) 194,436 829 2,608 (9,279) (64,362) (4,220) (13,149) 342 (7,260) 15,884 (81,120) 14,390 (6,326) 5,675 9,016 119,087 (517,706) (108,787) (382,933) 99,600 400,113 (2,411) 767,199 291,484 (424,679) (19,696) (142,382) 762,272 (21,665) (1,988) 130,583 128,332 (17,874) 4,239 91,044 130,583 69
1. 22 3 Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands 8810 1020-22 48 2. 1 16 38 16 41 27 10 12 28 11 14 70
2. 5 7 1 12 1 2 2 4 94 2 9 2 10 4 28 15 2 15 15 2 16 3 1 2 3 4 5 16 16 16 16 16 16 71
2. 1638 16 38 1638 9 9 9 9a)b) 9 39 9 9 39 72
2. 9 399 9 1028 28 10 10 73
2. 1028 1028 3. 2 17 2 36 74
3. 75
3. (i)(ii) 39 76
3. 12 19 2 5 39 37 77
3. 78
3. (a) (b) (c) (d) (e) (f) 79
3. 80
3. 81
3. 36 82
3. 83
3. 84
3. 10 30 3 10 5 10 3 5 30 85
3. 86
3. (a) (b) (c) 87
3. (a) (b) (c) (d) 71 90 88
3. 89
3. (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) 90
3. 91
3. 4. 3 (a) (b) 92
4. (c) (d) (e) (f) 24 93
4. (g) 418,445,000 485,553,000 (h) 190,093,000 172,453,000 (i) 5. 94
5. 111,881 744,002 322,654 855,883 322,654 32,536 65,814 144 445,209 626,198 674,229 658,878 1,185,252 855,883 322,654 95
5. 10% 10% A 243,152 130,373 B 170,032 55,796 C 157,126 61,411 D 111,881 E 41,090 6. 855,883 322,654 96
7. 404 517 5,584 5,988 517 243 257 1,168 10,601 12,417 132 51 7,288 24,086 8. 335 304 24,953 1,265 173 26,553 477 97
9. 24 106,297 39,038 16 (42,427) (804) 63,894 38,234 130,108 36,297 36,386 16,527 4,305 83 (187) (4,737) (42,427) (804) 65,817 27,165 63,894 38,234 (a) (b) (c) (d) 25% 26.5% 98
10. 5 (a)) 16,511 (55,983) (d)) 10,411 26,922 (55,983) 99
10. (a) 940,485 1,283,142 (840,763) (1,209,085) 9,793 12,584 4,034 4,984 (10,913) (4,118) 109,356 61,063 (103,089) (62,529) (28,602) (37,098) (33,855) (65,819) (10,763) (16,830) (17,514) (18,982) 18,169 (52,688) (1,658) (3,295) 16,511 (55,983) 15,330 (54,280) 1,181 (1,703) 16,511 (55,983) 0.89 (2.02) 100
10. (b) (9) 408 16,991 90,675 18 26 36 19 989 1,319 847 2,327 20,273 27,407 4,709 8,164 (c) 1,659 (72,107) 4,240 (60,538) (9,187) 38,398 (3,288) (94,247) 101
10. (d) 346,478 861 48,746 24,989 24 25,959 16 3,338 107,897 38,220 275,186 25,034 (e) 5,677 (e) 14,322 (60,151) (93,152) (265,813) (242,480) (31,662) (417) 223,032 (223,032) 214,435 4,798 14,210 10,411 102
10. (e) 214,435 (d) (5,677) (d) (14,322) 194,436 11. 116,783 64,250 12,824 22,982 3,298 977 132,905 88,209 5,296 2,596 22) 2,908 35,813 21) 114,085 45,909 122,289 84,318 1,544 1,604 515 10,095 3,731 42 421 103
11. 39,445 137,768 (59,526) (137,274) (20,081) 494 (5,634) (4,598) (25,715) (4,104) 12. 383(1)(a) (b) (c) (f)2 512 276 6,527 4,837 801 60 108 1,777 5,718 9,165 10,663 9,677 10,939 104
12. 1,029 12 1,041 823 12 835 (d)) 3,147 801 15 1,243 5,206 (e)) 383 6 534 923 (f)) 809 15 824 (g)) 336 336 6,527 801 60 1,777 9,165 (i)) 103 103 103 103 (k)) 103 103 (l)) 35 35 (m)) 168 168 409 409 512 6,527 801 60 1,777 9,677 105
12. 882 13 895 (a) 1,014 8 1,022 770 14 784 (b) 442 47 489 (c) (d) 960 7 3,812 4,779 (e) 449 10 1,906 2,365 (f)) 274 7 281 (h)) 46 2 48 4,837 108 5,718 10,663 (i)) 42 42 68 68 68 68 (j)) 56 56 (k)) 42 42 234 234 276 4,837 108 5,718 10,939 106
12. (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (m) 107
13. 12 11,820 2,080 1,243 9,529 57 16 13,120 11,625 2,000,001 2,500,000 2 1 3,500,001 4,000,000 1 4,500,001 5,000,000 2 5,500,001 6,000,000 1 2,000,001 2,500,000 2 1 3,500,001 4,000,000 1 4,500,001 5,000,000 2 5,500,001 6,000,000 1 14. 108
15. 48,576 (81,626) 2,868,480 2,683,142 48,576 (81,626) (25,741) 54,280 22,835 (27,346) 109
15. 25,741,00054,820,000 0.892.02 16. 3,824 3,824 38 206 206 9) (206) (463) (669) 3,361 3,361 10 (3,338) (3,338) (23) (23) 38 143,912 143,912 9 1,010 1,010 1,010 143,912 144,922 9 402 (42,829) (42,427) 114 9,805 9,919 1,526 110,888 112,414 110
17. 265,153 177,547 15,242 6,156 30,207 494,305 13,017 13,017 10,905 24,209 548 255 15,428 51,345 (2,327) (3,551) (5,878) 28,296 51 (28,347) 11,909 188 12,097 304,354 224,406 12,427 6,411 17,288 564,886 349 5,530 1,563 75 1,762 9,279 (564) (420) (1,598) (58) (2,640) (304,139) (196,197) (11,766) (6,428) (19,050) (537,580) 3,441 44 3,485 36,760 670 37,430 54,274 82,838 5,881 4,554 147,547 10,620 17,228 1,702 453 30,003 (1,879) (561) (2,440) 12,266 34 12,300 64,894 110,453 7,056 5,007 187,410 8,021 16,766 464 318 25,569 (72,915) (107,387) (5,499) (5,301) (191,102) (361) (1,392) (24) (1,777) 2,009 41 2,050 21,480 670 22,150 15,280 15,280 239,460 113,953 5,371 1,404 17,288 377,476 35,950,000 111
18. 1,187 1,187 (1,187) 1,187 300 264 10 26 36 (326) 300 887 3,600,000 112
19. 58,429 58,429 (58,429) 58,429 8,694 7,375 10 989 1,319 (9,683) 8,694 49,735 48,416 1,319 49,735 45,445,000 113
20. 172,453 38 176,806 17,640 (4,353) 190,093 172,453 190,093 172,453 Digital Extremes Inc.Digital Extremes 190,093 172,453 22%24% 3%3% 114
20. 3%3% 21. 529,694 38 543,065 54,183 (13,371) 583,877 529,694 44,141 11 114,085 45,909 7,206 (1,768) 165,432 44,141 418,445 485,553 5 5 5 115
21. 80,296 72,844 440,596 399,710 62,985 57,140 583,877 529,694 22. 2,700 38 26,116 4,220 13,149 11 (2,908) (35,813) 307 (752) 4,319 2,700 Nine Realms Inc. Digital Extremes Nine Realms Inc. N-Space Inc. Digital Extremes N-Space Inc. 116
23. 89,656 2,243 278 7,007 17,533 43 1,885 70,527 626 702 1,885 188,615 1,046,454 981,212 (109,356) (61,063) 103,089 62,529 1,040,187 982,678 41 (a) 117
23. (b) (a) (b) (c) (d) (e) (AA+)(Aviagen Group)(Arbor Acres Plus (AA+) Parent Stock Performance Objectives) (f) (g) (h) (i) (j) (k) 118
23. 21 119
23. 7,007 7,007 1.35 5% 5% 151 (151) 120
24. 5,432 9,396 14,828 3,126 3,126 4,772 113,319 118,091 (2,418) 2,418 (6,976) (6,976) (113,038) (113,038) (1,541) 700 5,825 4,984 3,939 1,574 15,502 21,015 1,536 1,536 7,964 50,747 58,711 (14,222) 14,222 (7,898) (7,898) (51,439) (51,439) 4,888 2,935 (3,789) 4,034 10 (4,105) (10,833) (11,021) (25,959) 121
24. 112 35 779 926 5,513 15,502 21,015 41 23 122
24. (a) (b) (c) (d) (e) (AA+)(Aviagen Group)(Arbor Acres Plus (AA+) Parent Stock Performance Objectives) (f) (g) (h) (i) (j) (k) 23 123
24. 124
24. 3,939 3,939 1,574 1,574 15,502 15,502 15,502 5,513 21,015 15.29% 1.35 244 8.84 125
24. 5% 5% (24) 24 5% 5% 906 (906) 126
24. 5% 5% (755) 755 5% 5% 775 (775) 127
25. 95,343 114,549 (408) 95,343 114,141 7 70 30 84,555 102,724 3170 10,519 4,207 71180 249 7,210 180 20 95,343 114,141 1110 249 7,210 110 20 269 7,210 128
25. 408,000 180 408 408 408 (408) 408 129
26. 419,261 207,199 (3,106) 419,261 204,093 716 36,813 11,105 5,685 (a) 131,584 500 (b) 382,402 13,740 (c) 46 43,869 419,261 207,199 (3,106) 419,261 204,093 (a) (b) 10% (c) 130
26. 3,106 3,111 (5) (3,106) 3,106 27. (a) 249,236 150,316 35,947 249,236 186,263 (a) 28. 30,741 63,562 131
28. 30,741 63,562 % % Yue Xiu Great China Fixed Income Fund VI LP (a) 33.2 33.2 44,792 30,741 33,676 KKC Capital SPC KKC Capital High Growth Fund Segregated Portfolio (b) 10.0 41,870 29,886 (a) Yue Xiu Great China Fixed Income Fund VI LPYue Xiu Yue Xiu Securities Holdings LimitedYue Xiu Investment Management LimitedYue Xiu Securities Holdings Limited Guangzhou Yuexiu Holdings Limited (b) KKC Capital SPCKKC Fund (c) 7,744,000 17,558,000 7,744,000 17,558,000 Yue Xiu KKC Fund Yue Xiu KKC Fund 7,744,000 17,558,0007,744,000 17,558,000 132
29. 91,044 130,583 14,390 91,044 144,973 0.35% 0.75% 507,000 54,668,000 30. 1,871 68,809 30 1,370 60,844 31 90 496 6,583 91 180 640 180 5 742 1,871 68,809 1590 133
31. 18,616 53,100 82,661 53,100 101,277 32. 208,000 67,000 275,000 275,000 275,000 (275,000) 275,000 134
32. 4.6%-6.7% (a) 35,950,000 (b) 45,445,000 (c) 14,390,000 (d) 0.56% 25,000,000 33. (a) 33,085 (b) 23,596 18,390 23,596 51,475 33,085 23,596 18,390 23,596 51,475 135
33. (a) 13,826,000 19,205,000 (b) 34. 291,308 145,523 145,785 291,308 (145,523) 145,785 291,484,000 42,000,000 Multi Dynamic Games Group Inc.Multi Dynamic Games Digital Extremes 97% 7.06.5 13.7% 35. 5% 3,835 3,467 3,943,0005,000,000 5%9.4% 136
36. (a)(b) 1.00 (1)(2) 10% 30% 137
36. 1.20 21,600 7,200 14,400 1.20 36,000 21,600 14,400 1.20 100,800 100,800 (a) (b) 158,400,000 64,897,000 0.51 1.07 1.07 1.20 1.20 63.79% 63.79% 10 10 0.00% 0.00% 2.16% 2.16% 138
36. 158,400 1.20 158,400 1.20 (28,800) 1.20 129,600 0.98 158,400 1.20 0.988.57 139
37. 0.1 4,000,000,000 400,000 320,000 0.1 1,992,000,000 199,199 167,392 (a) (b) 876,480,000 87,648 69,214 2,868,480,000 286,847 236,606 (a) (b) 1398,400,000 388,400,000 1.2478,080,000 559,200,000 38. Digital Extremes Multi Dynamic GamesDigital Extremes 58% 432,748,00069,600,000 432,748,000 140
37. 0.1 4,000,000,000 400,000 320,000 0.1 1,992,000,000 199,199 167,392 (a) (b) 876,480,000 87,648 69,214 2,868,480,000 286,847 236,606 (a) 1398,400,000 388,400,000 (b) 1.2478,080,000 559,200,000 38. Digital Extremes Multi Dynamic GamesDigital Extremes 58% 432,748,00069,600,000 432,748,000 140
38. Digital Extremes 1,605,796,00057,920,000 Digital Extremes Digital Extremes Digital Extremes Digital Extremes39% 63,000,000411,430,000 2,028,68813,249,000 21,572,000276,307,000 169,944,000 Digital Extremes 58%97% 39. 5%1,5001,500 5%1,5001,50065 3,298,000 977,000 142
40. 295,143 278,467 1,522,782 2,040,158 (%) 19% 14% 143
41. (a) 249,236 186,263 30,741 63,562 95,343 114,141 382,402 14,456 14,390 91,044 130,583 1,871 68,809 53,100 82,661 275,000 3,835 3,467 291,308 144
41. (b) 145
41. (b) (i) (ii) 100 173,000 146
41. (b) % 1,871 1,871 1,871 53,100 53,100 53,100 9.4 197 197 3,162 3,556 3,835 13.7 199,190 159,563 358,753 291,308 254,358 159,760 3,162 417,280 350,114 % 68,809 68,809 68,809 82,661 82,661 82,661 5.4 275,000 275,000 275,000 9.4 197 197 591 2,768 3,753 3,467 426,667 197 591 2,768 430,223 429,937 147
41. (c) 249,236 249,236 30,741 30,741 279,977 279,977 150,316 35,947 186,263 63,562 63,562 213,878 35,947 249,825 148
41. (c) 35,947 40,065 (25,034) 10(a) (10,913) (4,118) 35,947 27 35,947,000 6,251,700,000 381,300,000 279,977,000 213,878,000 149
42. (a) (a) 267 366 (a) 1,184 1,680 (a) 41 54 (b) 305 80 (a) (b) Digital Extremes 3%3% (b) 6,541 3,465 73 28 6,614 3,493 150
42. (c) (i) (i) (i) (i) (i) 20,000 8,000 27,000 10,000 25,000 (i) (ii) 30,000 (i) (ii) 25,000 (i) (ii) 20,000 (i) (ii) 5,000 170,000 (i) (ii) (d) 14A 151
43. 16,401 7,689 48,202 30,657 25,833 25,745 90,436 64,091 44. 25,482 45. 32 14,390 35,950 45,445 25,000 120,785 152
46. 1,795 2,252 30,741 63,562 32,536 65,814 344,835 2,603 871,988 776,662 249,236 150,316 10,414 4,119 1,476,473 933,700 19,926 4,785 61,319 145,523 226,768 4,785 1,249,705 928,915 1,282,241 994,729 236,606 236,606 896,015 754,656 1,132,621 991,262 3,835 3,467 145,785 149,620 3,467 1,282,241 994,729 153
47. 137,512 (59,373) 78,139 (59,066) (59,066) 34,312 34,312 34,312 (59,066) (24,754) 697,985 697,985 (19,696) (19,696) 22,982 22,982 815,801 34,312 22,982 (118,439) 754,656 62,272 62,272 66,263 66,263 66,263 62,272 128,535 (5,812) 5,812 12,824 12,824 815,801 100,575 29,994 (50,355) 896,015 765,446,000 697,362,000 154
48. % % Dream Beyond Holdings Limited 1 100 1 100 1 100 Dreamscape Horizon Limited 1 100 1 100 Multi Dynamic Games 1 100 100,000,000 100 Digital Extremes 1 97 Digital Extremes US, Inc. 100 97 Radius Celestia Limited Fortune Palace Trading Limited) 1 100 Radius Horizon Limited Wise Trend Ventures Limited) 1 100 Radius Maxima Limited Cross Games Limited) 50,000 100 155
48. % % Digital Extremes 3 42 43,379 25,409 8,930 210,748 281,225 227,891 17,660 16,223 155,598 95,418 6,560 7,890 136,727 140,806 744,002 322,654 (448,202) (216,248) 295,800 106,406 2 22 295,802 106,428 156
48. 304,184 177,770 (2,618) (2,454) (312,021) (171,930) (10,455) 3,386 99,535 49. 50. Splash Damage LimitedSplash Damage Fireteam LimitedFireteam Warchest LimitedWarchest Splash Damage Fireteam Warchest 51. 157
855,883 322,654 130,108 36,297 (22,251) (16,004) 22,515 (63,894) (38,234) 66,214 (1,937) (22,251) (16,004) 22,515 26,922 (55,983) 12,233 4,514 (21,586) 93,136 (57,920) (10,018) (11,490) 929 48,576 (81,626) (10,250) (12,762) 80 44,560 23,706 232 1,272 849 93,136 (57,920) (10,018) (11,490) 929 1,522,782 2,040,158 905,447 758,611 742,108 (486,124) (646,857) (397,580) (291,001) (263,008) 1,036,658 1,393,301 507,867 467,610 479,100 1,027,728 1,169,523 493,134 453,109 465,871 8,930 223,778 14,733 14,501 13,229 1,036,658 1,393,301 507,867 467,610 479,100 158